Colony Bankcorp, the bank holding company for Colony Bank, named Edward G. “Ed” Canup chief revenue officer and president of banking solutions.
Colony Bankcorp, the bank holding company for Colony Bank, named Leonard H. Bateman Jr. executive vice president and chief credit officer, effective June 1. Bateman previously worked for Calumet Bank, RBC Centura, Flag Bank and SunTrust Bank.
Colony Bankcorp signed an agreement and plan of merger with LBC Bancshares, parent company of Calumet Bank. Colony will acquire 100% of LBC’s common stock in a $34.1 million stock-and-cash transaction.
Colony Bankcorp appointed T. Heath Fountain as its president and CEO. Concurrently, the bank signed a definitive agreement to purchase the Albany branch of Planters First Bank.